Investing.com - Positive economic data and a noticeable depreciation in the Australian dollar, the rise in housing prices and a more positive view on wages kept policy steady at a 1.75% cash rate in June, Reserve Bank of Australia board meeting minutes said on Tuesday.
The minutes of the June 7 board meeting, published Tuesday, didn't provide any outlook on monetary policy and retained the last paragraph in the cash rate statement.
"Given these developments, and following the reduction in the cash rate in May, the board judged that leaving the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and inflation returning to target over time," the RBA said.